Dime Community Bancshares, Inc. (NASDAQ:DCOM) Stock to Pay Quarterly Dividend of $0.25

Key Points

• Dime Community Bancshares declared a quarterly dividend of $0.25 per share, payable October 23 to shareholders of record on October 16. The payment equates to an annualized dividend of $1.00 and a 2.5% yield.
• The dividend appears well covered, with a current payout ratio of 26.7% and an expected forward payout ratio of 25.1%; the company has raised its dividend for two consecutive years.
• In its latest quarter, Dime Community reported EPS of $0.79, matching estimates, while revenue of $128.41 million exceeded the $123.46 million consensus forecast.

Dime Community Bancshares, Inc. (NASDAQ:DCOM - Get Free Report) announced a quarterly dividend on Thursday, September 24th. Investors of record on Friday, October 16th will be given a dividend of $0.25 per share by the savings and loans company on Friday, October 23rd. This represents a $1.00 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, October 16th.

Dime Community Bancshares has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 2 years. Dime Community Bancshares has a payout ratio of 26.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Dime Community Bancshares to earn $3.98 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 25.1%.

Dime Community Bancshares Trading Up 1.7%

NASDAQ:DCOM opened at $40.65 on Friday. The stock has a fifty day simple moving average of $40.55 and a 200 day simple moving average of $38.07. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 17.29 and a beta of 0.99. Dime Community Bancshares has a 1-year low of $25.63 and a 1-year high of $41.97. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.57.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The savings and loans company reported $0.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.79. Dime Community Bancshares had a return on equity of 9.12% and a net margin of 15.15%.The firm had revenue of $128.41 million for the quarter, compared to the consensus estimate of $123.46 million. During the same quarter in the previous year, the company earned $0.64 EPS. Sell-side analysts forecast that Dime Community Bancshares will post 3.06 earnings per share for the current year.

About Dime Community Bancshares

Dime Community Bancshares, Inc is the holding company for Dime Community Bank, a commercial bank serving businesses, homeowners and consumers in the New York metropolitan area. The company is headquartered in Hauppauge, New York, and operates branches primarily across Long Island and in the boroughs of Brooklyn and Queens.

Dime Community Bank provides deposit accounts, commercial and residential real estate lending, commercial and industrial loans, consumer lending, cash-management services and other banking products.

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